How Arbitration Can Resolve Construction Disputes Outside the Courtroom
In the fast-paced world of construction, disputes are almost inevitable. Whether it’s a disagreement over contract terms, delays in project timelines, or payment issues, construction projects are complex, and issues arise frequently. Traditionally, disputes in construction were handled through lengthy and often expensive court procedures. However, the growing complexity of construction contracts has led to the rise of alternative dispute resolution methods, with arbitration becoming a preferred solution. In this blog, we will explore how arbitration can help resolve construction disputes outside the courtroom and why it’s a crucial method for many in the industry. What is Arbitration? Arbitration is a form of alternative dispute resolution (ADR) where an independent third party, known as the arbitrator, is appointed to resolve disputes. Unlike the court system, arbitration is a private process, and the decision (or award) made by the arbitrator is usually binding. It’s part...